As the European Commission considers which route to take to achieve its objective of advancing electronic payments throughout the EU, including the possibility to introduce new interchange legislation, it needs to tread carefully… It is widely recognized that electronic payments make our lives easier. Merchants, consumers and governments all see benefits in speed and in …
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MasterCard and the European Commission often see the world differently, however there is one principle on which I would hope we can both agree, namely the need to respect an equal and level-playing field in any regulatory and legislative activity. This week we find ourselves wholeheartedly agreeing with the view of Joaquin Almunia, the EU …
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BRUSSELS–(BUSINESS WIRE)–May. 24, 2012– MasterCard Europe today announced its disagreement with today’s judgment of the General Court in Luxembourg concerning cross-border interchange fees and said that it intends to appeal the judgment. Commenting on the judgment, Javier Perez, President, MasterCard Europe said: “MasterCard balances the interests of both consumers and retailers, so that each party …
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You may have heard about today’s decision by the European Court in Luxembourg regarding the fees merchants pay to accept credit and debit card payments – specifically on cross-border transactions in Europe. As you can imagine, we are disappointed by the result and intend to appeal the judgment. There will be no change in our commitment …
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TORONTO, May 8, 2012, 2012 (Canada NewsWire via COMTEX) –The MasterCard Canada rules that the Canadian Competition Bureau has challenged were established to protect consumers and ensure the efficient operation of the MasterCard payments system. We function in a very competitive market and compete every day for consumer preference and merchant acceptance. If successful, the …
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